News

September 6, 2021 (Reuters) – Energy companies mostly continued to keep output halted even a week after Hurricane Ida made landfall, one of the most powerful storms ever to hit the U.S. Gulf Coast. About 88%, or 1.6 million barrels per day (bpd), of crude oil production and 83%, or 1.8 billion cubic feet per […]

September 6, 2021 By Philip Pullella VATICAN CITY (Reuters) – Pope Francis has moved to allay Jewish concerns over comments he made about their books of sacred law, following a demand for clarification from Israel’s top rabbis, Vatican and Jewish community sources said on Monday. Last month Reuters reported exclusively that Rabbi Rasson Arousi, chair […]

ProtonMail, a hosted email service with a focus on end-to-end encrypted communications, has been facing criticism after a police report showed that French authorities managed to obtain the IP address of a French activist who was using the online service. The company has communicated widely about the incident, stating that it doesn’t log IP addresses […]

Indian logistics firm Delhivery has courted one more high-profile investor before its expected IPO in the next two quarters: Lee Fixel’s Addition. The Gurgaon-headquartered firm has disclosed in a regulatory filing that Addition has invested $76.4 million in the startup. The new investment is part of a Series I round, according to the filing, provided by […]

September 6, 2021 (Reuters) – Liverpool are in touch with authorities to safely bring back midfielder Naby Keita following a military coup in his homeland of Guinea, the club said on Monday. The 26-year-old was supposed to take part in Guinea’s World Cup qualifier against Morocco in Conakry when the game was called off after […]

September 6, 2021 By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – With the euro zone economy roaring back to life, the European Central Bank will debate a cut in its stimulus on Thursday, beginning a hard-fought and lengthy discussion on how to dismantle the crisis-fighting measures that have kept the bloc afloat. The ECB […]

September 6, 2021 LONDON (Reuters) – Standard Chartered has agreed a joint venture deal to launch a digital-only bank in Singapore with the country’s National Trades Union Congress (NTUC). A Standard Chartered vehicle will take a 60% stake in the venture, worth 144 million Singapore dollars ($107.28 million), with the NTUC’s enterprise arm taking the […]

September 6, 2021 By Tim Kelly TOKYO (Reuters) – Britain showed off its HMS Queen Elizabeth aircraft carrier to Japan’s defence chief on Monday at a naval base near Tokyo, marking the start of a permanent military presence in a region trying to come to grips with China’s growing power. Japan’s defence minister, Nobuo Kishi, […]

September 6, 2021 By Neil Jerome Morales MANILA (Reuters) – Philippine Airlines will return 22 aircraft, mostly Airbus and Boeing jets, to lessors as it pursues a financial restructuring programme to survive after the pandemic has decimated global travel, executives said on Monday. Philippine Airlines last week filed for Chapter 11 bankruptcy https://ift.tt/2VhOXca in the […]

September 6, 2021 (Reuters) – The battle for Morrisons, Britain’s fourth-largest supermarket group, is the most high-profile looming takeover in the country amid a raft of bids and counter bids, reflecting private equity’s appetite for UK Plc. Here is a timeline of events so far: June 19 Morrisons rejects proposed 5.52 billion pound ($7.64 billion)cash […]

September 6, 2021 BEIJING (Reuters) – China’s Vice Premier Liu He said on Monday policies supporting the private sector would not change, state media reported, amid growing concern a crackdown on a wide range of industries was hurting businesses. Liu said “guidelines and policies for supporting the private economy have not changed…and will not change […]

September 6, 2021 By Swathi Nair and Mumal Rathore BENGALURU (Reuters) – The Bank of Canada is still on course to raise interest rates to 0.50% towards the end of next year, according to economists polled by Reuters, despite a surprise contraction in economic growth last quarter. Respondents surveyed Aug. 30-Sept. 3 were almost evenly […]

September 6, 2021 (Reuters) – The city of Taylor, Texas – one of two locations in the state under consideration by Samsung Electronics for a $17 billion chip plant – plans to offer extensive property tax breaks if it is chosen by the South Korean tech giant. Taylor is competing with Austin, Texas to land […]

September 6, 2021 By Hanna Rantala VENICE (Reuters) – Hollywood star Kate Hudson and South Korean actress Jeon Jong-seo play two outsiders on a collision course with their surroundings in Ana Lily Amirpour’s Venice Film Festival competition entry “Mona Lisa and the Blood Moon”. The fantasy adventure opens with Jeon’s mysterious Mona Lisa using supernatural […]

September 6, 2021 (Reuters) – Golfer Rory McIlroy has backed Naomi Osaka’s decision to take a break from tennis following the Japanese world number three’s elimination from the U.S. Open last week, saying that it was important that athletes did not let results define them. A tearful Osaka told reporters that she would be taking […]

September 6, 2021 MUNICH (Reuters) – BMW expects supply chains to remain tight well into 2022, Chief Executive Oliver Zipse said on Monday, squashing hopes that a painful shortage of crucial semiconductors will end soon. “I expect that the general tightness of the supply chains will continue in the next 6 to 12 months,” he […]

September 6, 2021 BERLIN (Reuters) – Germany condemned the decision of a Belarusian court to sentence protest leader Maria Kolesnikova to 11 years in prison, saying it showed how rule of law in the country was bent in the service of Alexander Lukashenko’s government. German foreign ministry spokesperson Andrea Sasse said Kolesnikova and her fellow […]

September 6, 2021 MADRID (Reuters) – Improving economic conditions should allow Spain to approve a long-awaited minimum wage hike in September, the economy minister said on Monday, bringing an end to months of back and forth between unions and businesses. The “limited” increase would come into force as early as October, Economy Minister Nadia Calvino […]

September 6, 2021 By Dhara Ranasinghe and Saikat Chatterjee LONDON – European Central Bank officials are back from their summer break and with the hawks pushing for a slowdown in bond buying, Thursday’s meeting could prove a key market event. Chief economist Philip Lane believes it’s too early for the ECB to lay out plans […]

September 6, 2021 By Nick Carey MUNICH (Reuters) – Great Wall Motor will launch an electric compact car and a plug-in hybrid SUV in Europe in 2022, it said on Monday, joining a growing number of Chinese carmakers trying their luck on the continent with low or zero-emission vehicles. The company said at the IAA […]